CHART OF THE DAY: Crazy Complacency

09/05/19 07:38AM EDT

 Below is a chart and brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more.

CHART OF THE DAY: Crazy Complacency  - z11

Think about the crazy complacency (by the bulls) and capitulation (by the bears) embedded in that fact-based picture of FOMO. As you can see in today’s Chart of The Day, only 1-month ago today, post SPY getting body slammed in the 1st week of AUG:

  1. Implied Volatility on SPY was trading at a +71% PREMIUM to what had been realized in the month of JULY (i.e. the peak)
  2. Implied Volatility on Tech (XLK) was trading at a +63% PREMIUM to what had been realized in the month of JULY (i.e. the peak)
  3. Implied Volatility on SPY was trading at a +37% PREMIUM to what had been realized in the month of JULY 

CHART OF THE DAY: Crazy Complacency  - Chart of the Day

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